ASHOKLEYLAND BUY SIGNAL (EDUCATIONAL)If the channel and trend line is respected then,
T1 - 110
T2 - 130+
T3 - 165+
Additional factors that will support this growth -
x Improving fundamentals & balance sheet via cost reduction measures (Near term. Positive impact ).
x Strong recovery to almost pre-covid levels. Further growth in CV can be fueled by rise of Ecommerce demand and Make in India. Both of these are fundamental and permanent shifts (Mid term. Major positive impact )
x EV stake sale (small) for $ 300 Million (Near term. Positive impact )
x Government scrappage policy (Mid term. Major positive impact )
x Defense play (Mid term - Long term. Major positive impact )
Please share your views in comments.
